JERSEY CITY, NJ, - August 13, 2002 - Fundtech Ltd. (NASDAQ: FNDT), a leading provider of global electronic payments, settlement and cash management solutions, today announced that it has partnered with Surecomp an international software developer, to provide financial institutions with efficient, integrated trade services and cash management solutions. The two companies have signed a bilateral sales referral agreement. Through this partnership, Fundtech will further its goal to deliver and meet market demand for its suite of payments and cash management solutions.
"Through this partnership we will be able to extend our market reach and offer our clients the leading trade services solution available in the marketplace," said GM Stetter, Corporate Executive Vice President. "Surecomp's notable expertise in trade services and their compatible technology platform made them an attractive partner."
Fundtech and Surecomp are answering a market need for integrated electronic payment, cash management and trade finance solutions. "Since the people handling all of these processes for corporate customers are often the same, it is only natural that the processes be linked, and therefore integrated to provide a seamless process," added Fundtech's Stetter.
"Fundtech and its payment products are well-known and respected in the
industry," said Matti Shem-Tov, Surecomp's President "We are pleased to
be able to refer such high quality products to our clients. Together, our
services will enable financial institutions to integrate their trade finance and electronic cash management functionalities and, therefore increase efficiencies in serving their customers."
The partnership will focus on the following products from Fundtech and
- Fundtech's ACCESS.pro is a multi-lingual, multi-currency product that offers a comprehensive set of Internet banking services through a full range of delivery channels. This robust solution gives customers secure, up-to-the-minute access to services such as electronic information reporting, book transfers, check management, bank reports, funds transfers, ACH origination, letter of credit, loan information, positive pay and electronic messaging. Companies can also leverage Fundtech's PAYplus family of payment systems.
- Surecomp's IMEX is the leading Trade Finance Banking System, designed for Global, Regional and Local banks with high volumes of trade finance activity, IMEX incorporates browser-based thin client solutions that handles all Issued and Received Letters of Credit, Standbys, Clean and Documentary Collections, Clean Payments, Guarantees and Reimbursements, Syndications and Participations.
- Surecomp's IBSnet is a Windows NT based Trade Finance System designed for financial institutions with medium to low transaction volumes and is a totally configurable application that incorporates Import, Export & Standby L/Cs, Collections, Payments, Guarantees, Steamship Indemnities, Air Releases and all means of financing.
- Surecomp's NetIMEX is the leading Internet-based customer access trade finance system, which allows a bank's clients to both initiate transactions and to extract inquiries and reports. NetIMEX is a Java-based application and fully interfaces with IMEX, IBSnet and various other back office trade finance systems. NetIMEX can also be operated as astand-alone system.